Hey Techweenie - How About that Dow!

CarreraS2 · 05-05-2006, 08:33 AM

That's always been your barometer of economic performance.

A couple hundred of points from hitting an all time record high right now.

Have you declared the (supposed) economic "recession" of the past few years offically over now?

Gettin' ready to stop peddling Porsches??

Mulhollanddose · 05-05-2006, 08:39 AM

It's Bush's fault!...er, um, uh...DO'H!!!!!!!!!!

lendaddy · 05-05-2006, 08:43 AM

The wrong economy is booming. The middle class economy is in a depression still

Jim Richards · 05-05-2006, 09:02 AM

and then there's inflation...

Mulhollanddose · 05-05-2006, 09:05 AM

Quote:

Originally posted by lendaddy
The wrong economy is booming. The middle class economy is in a depression still

I am still trying to figure out how the left are going to spin out of their "but the jobs are low quality jobs" spin (if you recall, that was their sorry explanation for low unemployment), when they are so busy bussing in illegals...Don't they know that illegals drive down wages and drive up unemployment?

nostatic · nostatic's Garage

Quote:

Originally posted by Jim Richards
and then there's inflation...

shhh! no no no...the economy is perfect. It's booming for EVERYONE!!! We're all better off than we were x years ago...

techweenie · techweenie's Garage

Hey, Brian!

The Dow is looking healthier in the last year, no doubt. It's interesting to look at where it is in context of the past 5 years.

It's been a long, slow climb back. Not exactly propsperous times, but looking better. Proves that even the stupidest economic policy can't hold back this country indefinitely.

Nathans_Dad · Nathans_Dad's Garage

SHUSH!! The economy is tanking, silly. Pay no attention to that stock market behind the curtain...

Plus it will all come crashing down when the illegals stage their "no stock buying day" next week.

jkarolyi · 05-05-2006, 09:40 AM

[/Republican]

Come on libs, this is easy. Any economy will prosper temporarily when government spending increases as much as it has under W's administration. The bad news is we (or our kids) will have to pay it back...

[Republican]

CarreraS2 · 05-05-2006, 09:43 AM

Looking at your chart, I see that we WEREN'T in a recession for the past 3.5 years, like you always said we were.

I also see that we are near a record high, which is the point that even you said you would declare the "recession" over!

techweenie · techweenie's Garage

In a longer-term perspective, look at the growth vectors for the Dow indicated by the dashed green line. Only a few more years at only 200% of the growth we've seen in the past 6 months, and we'll have caught up with that vector.

Nathans_Dad · Nathans_Dad's Garage

Anyone wanna guess who was President during the last consolidation period in the market on Tech's chart (1977-1982)??

Kewpie doll to the winner!!

lendaddy · 05-05-2006, 09:51 AM

Wow Tech, why not use the starting point of '81 and make that vector even steeper! Or I could choose '73 and make everything magically good all of a sudden

techweenie · techweenie's Garage

I didn't make the chart or the vector. Len.

Sometimes the facts are just inconvenient.

Rich76_911s · Rich76_911s's Garage

The three top headlines on yahoo finance this morning were:
1. Worst addition of jobs since October
2. US consumer confidence hits a new low
3. Crude is over $72 a barrell

I am honestly just wondering why people love the market so much right now. To me it feels like the bull has been running and running and running, his legs are getting tired. The American consumer has consumed their way out of a reccession so far, but the sources for cheap easy money are getting leaner. BTW the market is up on bad news today because traders think that the fed is going to stop raisning rates. There are so many reasons to be nervous about the market right now, and the only good thing about the market is that corporate earnings are improving.

Oh incase you wanted my two cents, politicians should not get blamed for good or bad markets, it is giving them way too much credit for all the nothingness that they accomplish.

lendaddy · 05-05-2006, 10:00 AM

Quote:

Originally posted by techweenie
I didn't make the chart or the vector. Len.

Sometimes the facts are just inconvenient.

I don't dispute the chart, facts are facts. But why choose an early peak within a valley rather than the early peak to set the upper limit?

Do you know who published that chart with overlay? Wanna bet $20 it's a left wing org?.

nostatic · nostatic's Garage

Quote:

Originally posted by jkarolyi
[/Republican]

Come on libs, this is easy. Any economy will prosper temporarily when government spending increases as much as it has under W's administration. The bad news is we (or our kids) will have to pay it back...

[Republican]

Oh, I think we'll have to start paying before it gets to our kids...but I agree with you. For the life of me I don't understand why a single data point (ie the dow) is the metric for the state of the economy...

techweenie · techweenie's Garage

Quote:

Originally posted by lendaddy
I don't dispute the chart, facts are facts. But why choose an early peak within a valley rather than the early peak to set the upper limit?

Do you know who published that chart with overlay? Wanna bet $20 it's a left wing org?.

I'll take that bet.

You can make that $20 check out to the ACLU.

http://www.the-privateer.com/chart/dow-long.html

Mulhollanddose · 05-05-2006, 10:12 AM

Quote:

Originally posted by techweenie
You can make that $20 check out to the ACLU.

The NAMBLA or the Hamas fund?

techweenie · techweenie's Garage

Don't put words in my mouth. I said the recession wasn't *really* over. And my criterion for that comment was the very dashed line you see on that chart.

The US economy took a huge step back from its growth rate and has not reattained that growth rate until the last 6 months.